Southeastern Grocers
{{Short description|American supermarket company}}
{{Infobox company
| name = Southeastern Grocers
| former_name = Bi-Lo Holdings
| logo = SEGROCERSlogo.png
| type = Private
| foundation = {{start date and age|2013|p=y}}
| location = Jacksonville, Florida, United States
| locations = 298
| area_served = Alabama, Florida, Georgia, Louisiana, Mississippi
| key_people = [https://en.wikipedia.org/w/index.php?title=Anthony_Hucker&action=edit&redlink=1 Anthony Hucker] (Chairman, President & CEO)
| industry = Retail (Grocery)
| products = Bakery, dairy, deli, frozen foods, general grocery, meat, produce, seafood, snacks, liquor
| subsid = Winn-Dixie
Harveys Supermarkets
| homepage = {{URL|www.segrocers.com/}}
}}
Southeastern Grocers (formerly Bi-Lo Holdings) is an American supermarket portfolio headquartered in Jacksonville, Florida. The portfolio was created by Lone Star Funds in September 2013 as the new parent company for Harveys, Winn-Dixie, and Fresco y Más.
Southeastern Grocers was rated #31 in the Forbes 2015 ranking of America's Largest Private Companies.{{Cite web|url=https://www.forbes.com/companies/southeastern-grocer/|title=Southeastern Grocer on the Forbes America's Largest Private Companies List|website=Forbes|access-date=2016-06-03}}
History
=BI-LO Holdings under Lone Star Funds=
In December 2004, private equity firm Lone Star Funds acquired BI-LO Holdings, which included the BI-LO and Bruno's supermarket chains, from Ahold.{{Cite web |date=2004-12-24 |title=Lone Star Funds to Purchase Bi-Lo and Bruno's |url=https://progressivegrocer.com/lone-star-funds-purchase-bi-lo-and-brunos |access-date=2024-08-27 |website=Progressive Grocer |language=en}} In March 2007, Lone Star spun off Bruno's, Food World, and Food Max stores from BI-LO.{{Cite web |last=Springer |first=Jon |date=2007-03-26 |title=Lone Star Partners Separates Bi-Lo, Bruno's Chains |url=https://www.supermarketnews.com/archive/lone-star-partners-separates-bi-lo-brunos-chains |access-date=2024-08-27 |website=Supermarket News |language=en}}
By March 2009, BI-LO had filed for chapter 11 bankruptcy.{{cite web |last=Springer |first=Jon |date=March 24, 2009 |title=Bi-Lo Files Chapter 11 Bankruptcy |url=https://www.supermarketnews.com/retail-amp-financial/bi-lo-files-chapter-11-bankruptcy |work=Supermarket News}} Lone Star provided a $350 million cash infusion and it managed to emerge from bankruptcy in May 2010.{{cite news |date=November 24, 2009 |title=Bi-Lo plan excludes Food Lion deal |url=https://www.bizjournals.com/charlotte/stories/2009/11/23/daily13.html |work=American City Business Journals}}{{cite news |last=Zwiebach |first=Elliot |date=May 13, 2010 |title=Bi-Lo Emerges From Chapter 11 |url=https://www.supermarketnews.com/latest-news/bi-lo-emerges-chapter-11 |work=Supermarket News}}
On December 19, 2011, it was announced that BI-LO and Winn-Dixie would merge to create an organization of 690 grocery stores and 63,000 employees in eight states throughout the southeastern United States.{{cite press release |title=BI-LO and Winn-Dixie Agree to Merge |date=December 19, 2011 |publisher=Business Wire |url=https://www.businesswire.com/news/home/20111219005576/en/BI-LO-Winn-Dixie-Agree-Merge}} BI-LO purchased Winn-Dixie for $560 million, and operated Winn-Dixie as a subsidiary. The merged company was based at Winn-Dixie's former headquarters in Jacksonville, Florida.{{Cite web |date=2011-12-19 |title=Bi-Lo buying Winn-Dixie for $560M |url=https://www.djournal.com/bi-lo-buying-winn-dixie-for-560m/article_622d9f67-aa8e-5d5d-93e3-4008b914b3b9.html |access-date=2024-08-27 |website=Northeast Mississippi Daily Journal |language=en}}
On May 28, 2013, it was announced that BI-LO was acquiring the Harveys, Sweetbay, and Reid's banners from Delhaize Group for $265 million.{{Cite web |last=Trigaux |first=Robert |date=May 28, 2013 |title=Grocery wars: Tampa's Sweetbay sold to Winn-Dixie parent |url=https://www.tampabay.com/news/business/retail/tampa-based-sweetbay-supermarkets-sold/2123492/ |access-date=2024-08-27 |website=Tampa Bay Times |language=en}} Upon completion of the transaction, BI-LO rebranded all Sweetbay stores as Winn-Dixie stores, and all Reid's stores as BI-LO stores, while keeping the Harveys name for those stores.{{Cite web |last=MULLINS |first=RICHARD |date=October 10, 2013 |title=Sweetbay to be renamed Winn-Dixie |url=https://www.staugustine.com/story/business/2013/10/11/sweetbay-be-renamed-winn-dixie/16134291007/ |access-date=2024-08-27 |website=St. Augustine Record |language=en-US}}
=Reorganization as Southeastern Grocers=
In September 2013, Southeastern Grocers was created by Lone Star Funds as the new parent company for BI-LO, Harveys, and Winn-Dixie. The new parent company then filed to raise as much as $500 million in a U.S. initial public offering and list its common stock under the "SEG" symbol.{{cite news |last=Timberlake |first=Cotten |last2=Chung |first2=Minsi |date=2013-09-26 |title=Southeastern Grocers Files to Raise $500 Million in U.S. IPO |url=https://www.bloomberg.com/news/2013-09-26/southeastern-grocers-files-to-raise-500-million-in-u-s-ipo.html |access-date=2013-10-13 |publisher=Bloomberg.com}}{{cite news| url=https://www.reuters.com/article/us-southeasterngrocers-ipo-idUSBRE98P15Y20130926 |title=Winn-Dixie operator Southeastern Grocers files for $500 million IPO |publisher=Reuters.com |date=2013-09-26 |access-date=2013-10-13}}
In September 2013, Southeastern Grocers announced an agreement to buy 22 supermarkets in South Carolina and Georgia from the Piggly Wiggly Carolina Co.{{Cite web |date=September 12, 2013 |title=Transaction Fact Sheet |url=http://www.thepig.net/PDF/PWCC%20Transaction%20Fact%20Sheet%20-%20Sept%2012%202013.pdf |archive-url=https://web.archive.org/web/20160304033439/http://www.thepig.net/PDF/PWCC%20Transaction%20Fact%20Sheet%20-%20Sept%2012%202013.pdf |archive-date=March 4, 2016}}{{Cite web |last=Basch |first=Mark |date=2013-09-13 |title=Bi-Lo buying 22 Piggly Wiggly stores |url=https://www.jaxdailyrecord.com/news/2013/sep/13/bi-lo-buying-22-piggly-wiggly-stores/ |access-date=2024-08-27 |website=Jax Daily Record |language=en}} One Piggly Wiggly store in Lexington, South Carolina, was closed due to close proximity to other BI-LO stores.{{cite news |last=Wise |first=Warren L. |date=October 9, 2013 |title=One of 22 stores Bi-Lo is buying from Piggly Wiggly is closing |url=https://www.postandcourier.com/business/one-of-22-stores-bi-lo-is-buying-from-piggly-wiggly-is-closing/article_71c7b9da-897b-5d98-9c89-4d31724165fd.html |work=The Post and Courier}} It also entered into an agreement to sell seven BI-LO branded stores in the Charlotte market to Publix: the stores were located in Charlotte, NC, Huntersville, NC, Matthews, NC, Lake Wylie, SC, and Rock Hill, SC.{{cite news |date=September 13, 2013 |title=Publix Buying 7 Bi-Lo Stores |url=https://www.supermarketnews.com/retail-amp-financial/publix-buying-7-bi-lo-stores |work=Supermarket News}}{{Cite news |last=Stabley |first=Susan |date=September 13, 2013 |title=Publix to buy seven Bi-Lo stores in Charlotte area |url=https://www.bizjournals.com/charlotte/blog/going_green/2013/09/publix-to-buy-seven-bi-lo-stores-in.html |work=American City Business Journals}}
On August 19, 2014, Southeastern Grocers withdrew its IPO filing with the SEC, aborting the process of listing the stock for public sale.{{cite web|url=https://www.sec.gov/Archives/edgar/data/1587205/000119312514314408/d778741drw.htm| title= Re: Southeastern Grocers, LLC — Withdrawal of Registration Statement on Form S-1 (File No. 333-191389)| date= August 19, 2014}}{{Cite web |last=Merced |first=Michael J. de la |date=2014-08-19 |title=Owner of Winn-Dixie and Bi-Lo Supermarkets Pulls I.P.O. |url=https://archive.nytimes.com/dealbook.nytimes.com/2014/08/19/owner-of-winn-dixie-and-bi-lo-supermarkets-pulls-i-p-o/ |access-date=2024-08-27 |website=DealBook |language=en}}
In July 2015, Southeastern Grocers announced the sale of its 21 BI-LO locations in the Chattanooga, Tennessee, market as well as eight BI-LO locations in Northern Georgia to K-VA-T Food Stores, which would rebrand the stores under its Food City banner. Southeastern Grocers would likely use proceeds from the deal to reduce debt. That effectively ended Southeastern Grocers' presence in the Tennessee market.{{cite news | url=https://www.supermarketnews.com/retail-financial/k-va-t-buy-convert-bi-lo-chattanooga |title=K-VA-T to buy, convert Bi-Lo in Chattanooga | first=Jon | last=Springer | work=Supermarket News |date=July 23, 2015}}
In October 2015, Southeastern Grocers laid off 250 workers at its support offices in a move said to improve efficiency and invest in service and value for customers. The cuts took place at Southeastern's Jacksonville, Florida headquarters and regional support centers. Store employees were not affected.{{cite news | url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-confirms-250-layoffs |title=Southeastern Grocers confirms 250 layoffs | work=Supermarket News |date=October 2, 2015}}{{Cite web |last=Basch |first=Mark |date=2015-10-02 |title=Southeastern Grocers laying off 250 in seven states; won't say how many in Jacksonville |url=https://www.jaxdailyrecord.com/news/2015/oct/02/southeastern-grocers-laying-250-seven-states-wont-say-how-many-jacksonville/ |access-date=2024-08-27 |website=Jax Daily Record |language=en}}
In June 2016, Southeastern Grocers converted a Winn-Dixie location in Hialeah, Florida to Fresco y Más, it's new brand that features an expanded Hispanic product assortment, a full-service Latin butcher shop, and Cocina.{{Cite web|url=http://www.progressivegrocer.com/industry-news-trends/regional-supermarket-chains/southeastern-grocers-debuts-hispanic-banner|title=Southeastern Grocers Debuts Hispanic Banner|date=2016-06-15|website=ProgressiveGrocer|access-date=2016-06-16}} In December 2016, an additional five Winn-Dixie locations in Miami-Dade and Palm Beach counties were converted to the Fresco y Más banner.{{Cite web|url=http://www.progressivegrocer.com/industry-news-trends/regional-supermarket-chains/southeastern-grocers-adds-5-fresco-y-m-s-stores-south-florida|title=Southeastern Grocers Adds 5 Fresco y Más Stores in South Florida|date=2016-12-07|website=ProgressiveGrocer|access-date=2016-12-09}} In March 2017, Southeastern converted another five Winn-Dixie locations throughout Miami and Hialeah to the Fresco y Más brand.{{Cite web|url=http://www.progressivegrocer.com/industry-news-trends/regional-supermarket-chains/fresco-y-mas-opens-5-new-stores|title=Fresco y Más Opens 5 New Stores|date=2017-03-08|website=ProgressiveGrocer|access-date=2017-03-08}} In celebration of Fresco y Más' first anniversary in June 2017, another seven Winn-Dixie locations were converted in Miami, Hialeah, and Hollywood, including the banner's first Broward County store, to bring the total number of Fresco y Más supermarkets to 18.{{Cite web|url=http://www.progressivegrocer.com/departments/equipment-design/fresco-y-m-s-opens-7-new-locations|title=Fresco y Más Opens 7 New Locations|date=2017-06-14|website=ProgressiveGrocer|access-date=2017-06-14}}
In May 2017, Southeastern Grocers announced the closing of 23 locations along with the elimination of some department lead roles at stores.{{cite news | url=https://www.supermarketnews.com/retail-financial/southeastern-confirms-20-store-closures-store-management-restructuring |title=Southeastern confirms 20 store closures; store management restructuring | first=Jon | last=Springer | work=Supermarket News | date=May 8, 2017}}{{cite web |url=https://www.scnow.com/news/business/article_3659a586-3aa8-11e7-a5b0-af0e2f5fe042.html |title=Bi-Lo closing store on West Palmetto Street in Florence | first=JESSICA | last=IMBIMBO | work=The Morning News |date=May 16, 2017}}{{Cite web |date=2017-05-16 |title=Bi-Lo to Shut Down Store in Irmo |url=https://www.wltx.com/article/news/local/bi-lo-to-shut-down-store-in-irmo/101-440167385 |access-date=2024-08-27 |website=wltx.com |language=en-US}}{{cite news |url=https://www.hickoryrecord.com/news/newton-s-bi-lo-grocery-store-announces-june-closing/article_506f223c-3f1e-11e7-ae2e-1f80f6ae9a20.html |title=Newton's BI-LO grocery store announces June closing | first=MICHAEL | last=PRAATS | work=hickory record |date=May 22, 2017}}
In June 2017, Southeastern announced that President and CEO Ian McLeod was leaving the company. On August 10, 2017, Southeastern Grocers announced that it had appointed Anthony Hucker as President and CEO, effective immediately. Anthony, who joined Southeastern Grocers in February 2016, had served as Interim President and CEO since July 1, 2017, following McLeod's departure.{{Cite news | url=https://www.jacksonville.com/business/2017-08-10/anthony-hucker-named-president-and-ceo-southeastern-grocers | title=Anthony Hucker named president and CEO of Southeastern Grocers |last=Bull |first=Roger | work=The Florida Times-Union |date=August 10, 2017}}
=2018 bankruptcy=
In February 2018, it was announced that Southeastern Grocers was selling eight Winn-Dixie locations in south Louisiana to Texas-based Brookshire Grocery Company as well as an additional three Mississippi and four New Orleans market locations to Baton Rouge-based Shoppers Value Foods.{{cite web|url=https://progressivegrocer.com/brookshires-acquire-8-winn-dixie-stores-louisiana |title=Brookshire's to Acquire 8 Winn-Dixie Stores in Louisiana |publisher=Progressive Grocer|date=February 22, 2018 |access-date=February 22, 2018}}{{cite news |url=https://www.theadvocate.com/baton_rouge/news/business/article_b5677c08-182a-11e8-a083-db143347989e.html |title=Shoppers Value acquires several New Orleans-area Winn-Dixie stores; see list of stores |first=Timothy | last=Boone | work=The Advocate |date=February 22, 2018}}
On March 15, 2018, Southeastern Grocers announced they would file a plan of reorganization under Chapter 11 by the end of March. According to the company, the restructuring would decrease overall debt levels by over $500 million. Under this plan, 94 stores across the BI-LO, Fresco y Más, Harveys, and Winn-Dixie brands would close.{{cite news | url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-initiates-financial-restructuring | title=Southeastern Grocers initiates financial restructuring | first=Michael | last=Browne | work=Supermarket News | date=March 15, 2018}}{{cite web|url=https://www.segrocers.com/restructuring |title=SEG Reaches Agreement with Key Economic Stakeholders on Terms of Financial Restructuring | work=Southeastern Grocers |date=March 15, 2018}}
On March 28, 2018, Southeastern Grocers agreed to sell three BI-LO locations in South Carolina along with three Harveys locations in Georgia to three independent Piggly Wiggly store owners. Another three Winn-Dixie stores in northeast Alabama were sold to wholesaler Mitchell Grocery Corp on behalf of two of its current customers, Johnson's Giant Foods and The D'Alessandro Organization LLC, while the Winn-Dixie in Atmore, Alabama, was acquired by Ramey's. The deals are in conjunction with the restructuring support agreement revealed by Southeastern Grocers.{{cite web|url=https://progressivegrocer.com/piggly-wiggly-indie-storeowners-buying-6-southeastern-grocers-locations |title=Piggly Wiggly Indie Storeowners Buying 6 Southeastern Grocers Locations |publisher=Progressive Grocer |date=March 28, 2018 |access-date=March 28, 2018}}{{cite web|url=https://www.atmoreadvance.com/2018/03/28/rameys-to-acquire-winn-dixie/ |title=Ramey's to acquire Winn-Dixie |publisher=The Atmore Advance |date=March 28, 2018 |access-date=March 29, 2018}}
On April 27, 2018, Food Lion announced plans to acquire four South Carolina BI-LO locations in Florence, Myrtle Beach, Surfside Beach, and Columbia.{{cite news |url=https://www.supermarketnews.com/retail-financial/food-lion-buys-bi-lo-stores-south-carolina |title=Food Lion buys Bi-Lo stores in South Carolina | first=Russell | last=Redman | work=Supermarket News |date=April 27, 2018}} The week of April 30, Publix announced it would acquire the lease, fixtures, equipment, permits, and licenses for the Seneca, South Carolina BI-LO location that was slated to close, while an independent Piggly Wiggly operator announced that they would reopen the Montgomery, Alabama Winn-Dixie location that closed. Both locations were part of the original restructuring plan to close 94 stores.{{cite web|url=http://www.winsightgrocerybusiness.com/retailers/publix-acquire-closing-bi-lo-south-carolina |title=Publix to Acquire Closing Bi-Lo in South Carolina |publisher=Winsight Grocery Business |date=April 30, 2018 |access-date=May 2, 2018}}{{cite news |url=https://www.wsfa.com/story/38089048/piggly-wiggly-to-open-in-former-montgomery-winn-dixie-store/ | title=Piggly Wiggly to open in former Montgomery Winn-Dixie store | work=WSFA | date=May 1, 2018}} Two of the BI-LO locations originally closed as part of the bankruptcy reorganization in April 2018, Ladson and Mullins, South Carolina, were acquired by another independent Piggly Wiggly owner and would be reopened in June 2018.{{cite web|url=https://www.postandcourier.com/business/two-more-piggly-wiggly-supermarkets-opening-in-south-carolina/article_8323f524-65c2-11e8-87db-af8f6e0d09b0.html |title=Two more Piggly Wiggly supermarkets opening in South Carolina |publisher=The Post And Courier |date=June 1, 2018 |access-date=June 1, 2018}}
In May 2018, Southeastern Grocers restructuring plan was confirmed by a U.S. Bankruptcy judge in Delaware. At the end of that month, Southeastern Grocers announced that it had completed its financial restructuring and was emerging from bankruptcy. As part of the restructuring, $522 million in debt was exchanged for equity in Southeastern Grocers, though it was not announced who was receiving the equity shares. Southeastern Grocers exited bankruptcy with 575 stores in seven states, down from 704 locations. They also announced a planned remodels of 100 stores in 2018.{{cite web|url=https://www.jaxdailyrecord.com/article/southeastern-grocers-completes-bankruptcy-reorganization |title=Southeastern Grocers completes bankruptcy reorganization |publisher=Jacksonville Daily Record |date=May 31, 2018 |access-date=June 1, 2018}}
In February 2019, Southeastern Grocers announced plans to shutter 22 locations in Florida, Georgia, North Carolina and South Carolina. This round of closures included 13 BI-LO locations, 7 Winn-Dixie locations and 2 Harveys Supermarkets.{{cite news |last=Wells |first=Jeff |date=February 22, 2019 |title=Southeastern Grocers will close 22 stores |url=https://www.grocerydive.com/news/southeastern-grocers-will-close-22-stores/549009/ |work=Grocery Dive}}{{cite news |last=Wise |first=Warren L. |date=February 21, 2019 |title=Bi-Lo parent company closing 22 more stores — 10 in SC, including last in Mount Pleasant |url=https://www.postandcourier.com/business/real_estate/bi-lo-parent-company-closing-22-more-stores-10-in-sc-including-last-in-mount/article_353358e0-3606-11e9-ac3c-bb6755d8e7ea.html |work=The Post and Courier}}
= Elimination of the BI-LO banner =
On June 9, 2020, Southeastern Grocers announced the decision to no longer operate stores under the BI-LO banner. As part of an effort to reach that goal, Southeastern Grocers sold 62 stores, including 46 BI-LO and 16 Harveys Supermarkets, to Ahold Delhaize, the successor to the company that previously owned the brand. As part of the agreement, the Mauldin, South Carolina distribution center was handed over to Ahold Delhaize USA Distribution, LLC. The stores would transition to Food Lion branded locations in the first half of 2021.{{Cite web |last=Redman |first=Russell |date=2020-06-03 |title=Food Lion to buy 62 Bi-Lo, Harveys stores from Southeastern Grocers |url=https://www.supermarketnews.com/retail-financial/food-lion-buy-62-bi-lo-harveys-stores-southeastern-grocers |access-date=2024-08-27 |website=Supermarket News |language=en}}{{Cite web |last=Riemenschneider |first=Pamela |date=1900-01-01 |title=Southeastern Grocers to drop BI-LO banner, emphasizes Fresco y Más, Harveys, Winn-Dixie |url=https://www.producebluebook.com/2020/06/03/southeastern-grocers-to-drop-bi-lo-banner-emphasizes-fresco-y-mas-harveys-winn-dixie/ |access-date=2024-08-27 |website=Produce Blue Book |language=en-US}}
In addition Southeastern Grocers announced it would divest the assets of 57 of the in-store pharmacies it operated under the BI-LO and Harveys Supermarket banners to CVS Pharmacy and Walgreens. These locations included all of the company's BI-LO pharmacies and nine Harveys Supermarket pharmacies in Georgia. The transition was expected to begin within two weeks of the press release date.{{cite press release |title=Southeastern Grocers Announces Transactions to Advance Five-Year Business Transformation Strategy |date=June 3, 2020 |publisher=Southeastern Grocers |location=JACKSONVILLE, Fla. |url=https://www.segrocers.com/-/media/media/weekly-bau-content/wk24-2020/segpress%20release63%20final.pdf?la=en |access-date=June 3, 2020 |url-status=live |archive-url=https://web.archive.org/web/20200603235148/https://www.segrocers.com/-/media/media/weekly-bau-content/wk24-2020/segpress%20release63%20final.pdf?la=en |archive-date=June 3, 2020 |author=}}
On September 1, 2020, it was announced that Southeastern Grocers was selling 20 BI-LO stores in South Carolina and Georgia to Alex Lee, Inc who would rebrand the stores as KJ'S Market IGA and Lowes Foods. In the same announcement, 2 additional BI-LO and one Harvey's Supermarket location in South Carolina would be sold to independent operator B&T Foods. Following the sale, BI-LO will have 39 stores remaining in Georgia, North Carolina and South Carolina.{{Cite web |date=September 2020 |title='Southeastern Grocers to sell 23 stores to Alex Lee, B&T Food' |url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-sell-23-stores-alex-lee-bt-foods |website=Supermarket News}} That month, the company announced it had made a regulatory filing with the SEC ahead of a potential IPO.{{Cite web |last=Redman |first=Russell |date=2020-09-29 |title=Southeastern Grocers again mulls going public |url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-again-mulls-going-public |access-date=2024-08-27 |website=Supermarket News |language=en}}
On December 21, 2020, two independent Piggly Wiggly owners, with support from C&S Wholesale Grocers, announced plans to acquire one BI-LO supermarket in South Carolina and another in Georgia from Southeastern Grocers. Both locations were previously Piggly Wiggly stores that were acquired by SEG in 2013.{{Cite web |last=Redman |first=Russell |date=21 December 2020 |title='Piggly Wiggly owners to buy pair of Bi-Lo stores' |url=https://www.supermarketnews.com/retail-financial/piggly-wiggly-owners-buy-pair-bi-lo-stores |website=Supermarket News}}
The stores that were not sold to any other operators were closed on or by April 18, 2021, ending the 60 year run of the BI-LO banner.{{Cite web |last=Staff report |title=What you loved about Bi-Lo, and what you might not remember about the grocery chain |url=https://www.greenvilleonline.com/story/news/2021/04/15/what-you-loved-about-bi-lo-and-what-you-might-not-remember-about-the-grocery-chain/7109651002/ |website=The Greenville News |language=en-US}}
In January 2021, Ahold Delhaize purchased additional stores in North Carolina and South Carolina that were scheduled to close, acquiring.{{Cite web |last=Adams |first=Shirley |date=January 22, 2021 |title=Food Lion purchases 3 area BI-LO stores – The Simpsonville Sentinel |url=https://sentinelinternet.com/2021/01/22/food-lion-purchases-3-area-bi-lo-stores/ |access-date=2024-08-27 |website=The Simpsonville Sentinel}} The company also announced the launch of its IPO that month, but called it off a week later.{{Cite web |last=Redman |first=Russell |date=2021-01-21 |title=Southeastern Grocers launches IPO |url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-launches-ipo |access-date=2024-08-27 |website=Supermarket News |language=en}}{{Cite web |last=Redman |first=Russell |date=2021-01-29 |title=Southeastern Grocers shelves IPO |url=https://www.supermarketnews.com/retail-financial/southeastern-grocers-shelves-ipo |access-date=2024-08-27 |website=Supermarket News |language=en}}
=Sale to Aldi=
On August 16, 2023, the company announced its intention to sell all Winn-Dixie and Harveys stores to German supermarket chain Aldi, and all locations will either remain open under their respective brands or convert into the ALDI brand.{{Cite web |title=Southeastern Grocers announces strategic divestiture of its portfolio - FL Institute of CFOs |url=https://ficfo.com/news/649316/Southeastern-Grocers-announces-strategic-divestiture-of-its-portfolio.htm |access-date=2023-09-28 |website=ficfo.com}} SEG also agreed to sell its Fresco y Más operations, including all 28 stores and four pharmacies, to Fresco Retail Group LLC.{{Cite web |date=August 16, 2023 |title=Southeastern Grocers sells banners to ALDI |url=https://edition.cnn.com/2023/08/16/investing/aldi-buys-winn-dixie/index.html |access-date=August 16, 2023 |website=CNN |language=en}}{{Cite web |last=Inklebarger |first=Timothy |date=2024-01-26 |title=Aldi acquisition of Southeastern Grocers moves forward with divestiture of Fresco y Más |url=https://www.supermarketnews.com/news/aldi-acquisition-southeastern-grocers-moves-forward-divestiture-fresco-y-m-s |access-date=2024-08-27 |website=Supermarket News |language=en}} The deal was completed in March 2024 and the first 50 stores will be converted during the summer. A “significant number” of Winn-Dixie and Harveys Supermarkets will be converted into Aldi stores in the next several years.{{Cite web |last=Ponson |first=Steven |date=2024-03-07 |title=Aldi completes purchase of Winn-Dixie stores |url=https://jaxtoday.org/2024/03/07/aldi-completes-purchase-of-winn-dixie-stores/ |access-date=2024-08-27 |website=Jacksonville Today |language=en-US}}
=Buyback from Aldi=
On February 7, 2025, the company announced that a consortium of private investors, that is being spearheaded by the current CEO and President of Southeastern Grocers Inc. (SEG), Anthony Hucker, as well as C&S Wholesale Grocers have acquired approximately 170 stores from ALDI U.S. The agreement includes the acquisition of SEG grocery and liquor store operations under the Winn-Dixie and Harveys Supermarket banners, which includes approximately 170 grocery stores in Alabama, Georgia, Louisiana, Mississippi and Florida, as well as the existing Winn-Dixie liquor store business. Aldi still intends to complete its previously started conversion plans of 220 Winn-Dixie and Harveys Supermarket stores to the ALDI format over a multi-year conversion process, which started in March 2024, and is expected to conclude in 2027. Both Aldi and SEG leadership will continue to work together closely to ensure there is a smooth transition, with dedicated leaders both overseeing the store conversion and hiring processes. SEG will continue to operate the remaining stores that have been identified for conversion in the normal course of business, with the same level of care and a focus on quality and service up until each store is closed to be converted. {{Cite web |date=2025-02-07 |title=Southeastern Grocers buying back about 170 Winn-Dixie, Harveys locations from ALDI |url=https://www.actionnewsjax.com/news/local/southeastern-grocers-buying-back-about-170-winn-dixie-harveys-locations-aldi/RY5YH3YQZVEHRHSC4VBISMYIXY/?fbclid=IwY2xjawIXFEhleHRuA2FlbQIxMQABHV1cU_73JA_M0x24aFHUdWyx6isEHNxzzxwu2OLDQyuhjb_7Gwkbepa6Lw_aem_SsZ8gMkOyw6kzo95rBnuHA |access-date=2025-02-10 |website=Action News Jax |language=en}}{{Cite news |title=Southeastern Grocers announces new ownership of iconic Winn-Dixie banner |url=https://www.businesswire.com/news/home/20250207698911/en/Southeastern-Grocers-announces-new-ownership-of-iconic-Winn-Dixie-banner |archive-url=http://web.archive.org/web/20250208002234/https://www.businesswire.com/news/home/20250207698911/en/Southeastern-Grocers-announces-new-ownership-of-iconic-Winn-Dixie-banner |archive-date=2025-02-08 |access-date=2025-02-10 |language=en}}
Store locations
File:Winn-Dixie logo (new).svg
- Winn Dixie (Alabama, Florida, Georgia, Louisiana, Mississippi)
- Harveys (Florida, Georgia)
- Fresco y Más (Formerly) (Florida) File:Harveys Supermarkets logo.svgFile:Fresco y Más logo.svg
References
{{Reflist|30em|refs=}}
External links
{{Portal|Florida|United States|Companies}}
- [http://www.segrocers.com Southeastern Grocers Official website]
{{Supermarkets of the United States}}
{{Jacksonville Corporations}}
Category:Companies based in South Carolina
Category:Companies based in Jacksonville, Florida
Category:Economy of the Southeastern United States
Category:Supermarkets of the United States
Category:Private equity portfolio companies
Category:Companies that filed for Chapter 11 bankruptcy in 2018